Pros and Cons of Reverse Mortgages in Canada
Real Estate Podcast Show (RealEstatePodcastShow.com)

Pros and Cons of Reverse Mortgages in Canada

2024-12-02
This podcast is based on data from the Financial Consumer Agency of Canada explaining reverse mortgages.What the commercials leave out is that you are paying a much higher interest for this kind of loan. In some cases, it could result in loss of your home. Know all the facts. A reverse mortgage lets homeowners aged 55+ borrow against their home equity without selling it, providing tax-free funds. The text details eligibility, costs (including higher interest rates than other lo...
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